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The following article was published in our article directory on December 1, 2010.
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China Will Usher In the Next Big Development

Article Category: Business

Author Name: Amanda xzh

Western countries, "Chinese economic miracle" amazed. Of course, in human history has never had a similar phenomenon in China. The industrial revolution in Britain and the United States, the whole world was shocked. However, no country like China in such a short period of time to get rid of poverty and embark on the road to riches.

Chinese Academy of Social Sciences recently released a report, saying China is not the way it looks strong, does not have a competitive advantage. The authority reports that China's international competitiveness and economic efficiency is still low level of the world.

Of course, the momentum and scale in economic development, China can be regarded as among the best. To economies of scale, China ranked fourth in the world, behind the U.S., EU, Japan. Chinese Academy of Social Sciences reports to score very high speed of development, China ranked the fastest growing one of the five countries.

However, in terms of national competitiveness, China ranked only worldwide 17. For efficiency, China's economic performance and even worse, ranked 56. Despite the envy of many countries, China's economic development, but the "economic miracle" is obviously a lot of wasted energy and money.

The report notes that economic structure is partly caused by the above results. Competitiveness in the structure, China is ranked on the list, in the 89. The report also pointed out that China in terms of self-improvement, "lack of motivation."

Even in some areas of strength, the Chinese have a problem. It is said that China's senior talent index, education and health index is only half of the United States. Technological capability of China's rise also consider themselves only one-fifth of the United States.

However, different from Washington, Beijing is not passive in dealing with problems. Twelfth Five-Year Plan of China called on the authorities to take action to inject new impetus for the country. Beijing is the economic development of its new direction.

The intent of the development plan is no longer a pillar industry of China steel, automobile and other heavy industry-based foundation, is based on innovation instead of technology and performance upgrades, including information technology, energy conservation and environmental protection. China, while also promoting a new energy, biotechnology, high-end equipment manufacturing, new materials and new energy vehicle development. China's development focus is transferred from heavy industry to the 21st century the era of high-tech era.

Do not believe this will become a reality? Remember, before the slow development of China is an ancient history. In the central management of the economic situation, if the government in a coordinated manner, there will be great to happen.

Have you ever seen 220 miles per hour high-speed rail in China? Twelfth Five-Year Plan to plans to extend China's domestic high-speed rail mileage to 2.5 million miles. In 5 years, this great will of China's railway network linking every city. Eisenhower said, if anyone still remember the intercontinental highway network to the Chinese people should know what to do now, but it is only effective part of its structure.

In fact, China has the factories began to close those old, determined to achieve self-imposed emission reduction targets. All of these are true. While the Western world, the Chinese economic efficiency and competitiveness in the passable, but to pay attention to two points, first of all, they realize their own weaknesses, and secondly, they have begun to take strict and unified action.

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